Q: Are you a #Bitcoin Bull?
A. Yes. Bitcoin is the perfect asset at the right time. I love Bitcoin. Wish I had bought more earlier.
Q: Is it possible that Bitcoin is a scam, a Ponzi scheme?
A: Yes. It is possible Bitcoin is a scam and a Ponzi scheme.
Q: Aren’t you concerned?
A: Yes I am. Yet Bitcoin is not any more of a scam or a Ponzi scheme than the US Dollar, Euro, Yen, or any other “fake” or fiat currency.
Q: Are you saying the US dollar and other fiat currencies are scams?
A: Yes. Giant Ponzi schemes. All the US dollar is, is an IOU from America.
Q: What are you concerned about?
A: Our US political, banking, and financial leaders. They are incompetent or corrupt or both
Our leaders have no idea how to control the growing US government debt and US bond market, and over inflated stock market.
America is broke printing $1 trillion every 90 daysjust to pay its bills. They should resign, be fired, impeached, or put in jail. All should have their college tuitions refunded. Obviously they learned nothing in school about money, ethics, honest, or morality.
They have ripped off the American people and people of the world.
Q: Why are you optimistic about Bitcoin?
A: Metcalf’s Law. Metcalf’s Law is a law about the power of “networks.” Bitcoin, like the US dollar, cell phone net works, and net work marking business such as Amyway gain thie core value from the strength of their network system. Thats the reason Metcalf’s Law is important and why I am bullish about Bitcoin and the US dollar.
Bitcoin has a strong network.
Most “new crypto-coins ” come off of the Ethereum platform. How many will do as well as Bitcoin only time will tell? Most will die because they fail Metcalf’s Law, they fail to build a network.
That would like you belonging to a cell phone network with only you.
Q: Can networks be attacked?
A: Yes. The US dollar network is constantly under attack from Russia and China’s BRICS, Belt and Road currency net work.
Q: Who will win?
A: The stronger network #BRICS vs $ USA will win.
Q: What do you advise?
A: The same as I have always advised. “Do not save fake fiat dollars. Save real gold or silver coins or Bitcoin.”
Nothing I have been saying has changed. I follow my own advice.
As I stated 27-years ago in my book Rich Dad Poor Dad, “Savers (of fake money)” are losers. “
Please do not be a loser.
Save real gold coins, real silver coins, and real Bitcoins.
Q: Can Bitcoin go to zero?
A: Yes. It is possible just as it is possible for the US dollar, Aussie dollar, Englands pound sterling, Japan’s yen and any country’s fiat (fake) currencies can go to zero. In fact history proves thousands of fake currencies have already gone to fiat money grave yards.
That is why for years I have been saying “Save gold, silver, and Bitcoin.”
Today, not only do I own gold and silver US gold and silver Eagles…I own gold and silver mines. Diversification is very important.
I do not mine Bitcoins.
Q: Anyone else do you recommend I should seek advice about Bitcoin from?
A: Yes. There are many. These are a few I respect: Ral Paoul, Lawrence Lepard, Jeff Booth, Mark Moss, Anthony Pompliano and more.
Most important is for you to find your own answers.
Take care.
#BTC #Write2Earrn #usa
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